obligor

One who owes

An obligor is someone bound by a legal or contractual obligation—the party who owes a duty, debt, or performance to another.

The term appears in contracts, bonds, and financial instruments: The obligor failed to make the required payments.

The counterpart, the one to whom the obligation is owed, is the obligee.

contractual

borrower

One who takes temporarily

surety · covenant · signatory · commitment · undertaking · binding · obligee · counterparty · principal · covenant

debt

loanee

One who receives credit

creditor · lender · interest · principal · repayment · amortization · installment · collateral · default · indebtedness

liability

accountable

Obligated to explain oneself

duty-bound · obligated · encumbered · indebted · beholden · chargeable · subject · amenable · culpable · exposed

legal

defendant

Party facing charges

liability · counsel · attorney · affidavit · deposition · testimony · injunction · subpoena · verdict · appellant

Categories
Opposites
contractual/legal role

obligorobligee

Party owed performance

creditor · beneficiary · lender · payee · mortgagee

Phrases
Family

obliging, obligation, oblige, obligatory, obliged, obligations, obligate, nonobligatory, obligatorily

Familiarity
Top 1,000,000
Profile
Used worldwide · Timeless · Abstract · Rated G